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USDCAD Clears Feb 20/21 Lows With ISM Mfg Miss

CANADA
  • USDCAD has pushed through support at 1.3442 (Feb 20/21 lows) with the ISM mfg miss, currently hovering at 1.343 as it continues the recent trend established with a break of 1.35 overnight.
  • It next opens 1.3404 (76.4% retrace of Feb 2 – Mar 10 rally), a retracement that just Wed last week had offered what hash proved light support at its 50% level.


Source: Bloomberg

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